#subsidies

#subsidies

Without the enhanced Affordable Care Act subsidies, premiums for middle-class Americans are projected to rise by 75%, potentially costing an additional $1,000 or more annually.

According to the U.S. Department of Housing and Urban Development, a household that spends more than 30% of its income on housing is deemed to be cost-burdened. If it spends more than 50%, it’s considered severely burdened. In 2023, 54% of all renters spent more than 30% of their pretax income on housing. That's up from 43% of renters in 1999.

The California Air Resources Board's shift to a random drawing for electric bike subsidies aims to provide equal access, following issues experienced during the December rollout.